Kentucky Tow Truck Insurance | Pathway Insurance

Tow Truck Insurance Lexington Ky

WIN Admin — Thu, 20 Apr 2017 19:05:43 +0000

Tow Truck Insurance Lexington Ky — New Company & Low Rates!

If you are looking for Tow Truck Insurance in Lexington Kentucky and the surrounding areas contact Pathway Insurance by calling our agents directly at 1-800-998-0662.

If you find our website after hours you can use our online chat system that’s available seven days per week or you can send us your request for information and quotes around the clock by clicking any of the links below:

Tow Truck Insurance Lexington Ky — Avoid This Method with Your Commercial Insurance Part 2.

In a previous post you can read by clicking Tow Truck Insurance Louisville Kentucky we learned about a predicament Bugsy McCoy got himself into with his company Bugsy McCoy Towing.

Bugsy has not run a very tight ship with his tow company, allowing drivers to remain employed who should have been fired a long time ago because, well, they were bad drivers, causing numerous claims that were filed with Bugsy’s insurance company.

Now he is facing a no-win scenario: he got canceled from his current company and the best rate he was able to get quotes for were 3 times more than what he was paying before. Sure, Bugsy could afford to pay 3 times more since much of his business was cash and not reported to the government.

Bugsy is making a lot more money than anyone realizes because he doesn’t flash it around, and there is one other issue: he is a skinflint to his core. He doesn’t believe in insurance and hates the fact he’s got to shell out so much money on something he doesn’t believe in.

Bugsy conveniently forgets the $120,000 in claims his insurance company has paid out over the last few years because of the reckless drivers working for him.

He hangs up the phone on his agent and says to himself: “There has got to be a way to find a better rate on my insurance. Wait, I know what I can do; I’ll open up a new tow truck company in a different name just for the insurance.”

Bugsy makes a few calls to different agents (not the agent he has bought insurance from in the past because he won’t be able to pull a fast one on that guy) to find a company willing to insure a “new towing business”.

Sure enough, Bugsy finds a company that buys his story of opening up his “new” towing company. However, the new agent he buys a policy from was just as sneaky as Bugsy. We will learn about the storm of trouble Bugsy finds himself in in our next article.

Lexington Kentucky Tow Truck Insurance – Low Rates!

Low rates are one call or click away for those looking for Lexington Tow Truck Insurance!

Pathway is a leading insurance broker offering super low rates for well-established companies as well as new companies searching for commercial insurance for the first time.

Call Pathway by dialing 800-998-0662 or use our online submission system available around the clock by clicking the below links for your area:

The post Tow Truck Insurance Lexington Ky first appeared on Pathway Insurance.

Tow Truck Insurance Louisville Ky

WIN Admin — Thu, 20 Apr 2017 18:49:22 +0000

Tow Truck Insurance Louisville Ky — BIG Savings!

If you’re looking for better deals on Tow Truck Insurance in Louisville Kentucky then you need to call Pathway Insurance right now by dialing 1-800-998-0662.

Pathway Insurance offers Tow Truck Insurance in Kentucky, Tennessee, Indiana, Ohio, Michigan, Wisconsin, Minnesota, Missouri, Texas, New Mexico, Arizona, Georgia, Florida, and the state of Maryland seven days per week.

If you find our website after hours or on the weekend use our online chat system. Licensed agents are available 7 days per week to provide quotes, answer questions, issue policies and provide service for those insured with our company.

Additionally, you can send us requests for quotes and information by using the links below 24 hours per day:

Louisville Kentucky Tow Truck Insurance — Avoid This Method With Your Commercial Insurance.

There’s no question that Kentucky Tow Truck Insurance is expensive. However, in the past some tow truck owners, in an attempt at dodging increased rates because of poor claims experience, have used (somewhat successfully) something we refer to as:

The New Business Venture Loophole.

What is “The New Business Venture” Loophole?

Basically, it is a strategy to “close” an existing tow truck company and reopen under a new name.

In the past, companies would take this approach when they got into trouble with their creditors or were on the receiving end of legal judgments. They assumed that a legal corporation provides a free hand to come and go as they please.

While it is true that a legal corporation is a separate entity from the owner of the business and does, in fact, provide some measure of protection, some tow companies who have gotten into trouble with their insurance companies because of too many claims have found it difficult to stay in business when they are forced into High Risk Tow Truck Insurance.

So a new strategy was invented called the New Business Venture Loophole.

This Is How the New Business Venture Loophole Begins.

Example: Bugsy McCoy Towing receives a cancellation notice from his insurance company due to something called frequency of claims. Bugsy McCoy, the owner, is somewhat perplexed because he doesn’t really understand the term “frequency of claims.” He calls his agent who patiently explains to Bugsy that frequency of claims means you turn in too many claims.

“I’ve only had five claims in the last three years!” Bugsy exclaims. “How can that be frequent?”

“Bugsy,” Bugsy’s agent replies, “ insurance companies are really no different than your towing company; let’s say you had a customer that cost you $500 every time he called in for a tow. Would you keep him as a customer?”

“Well, no…” Bugsy tentatively replies.

“See, in your case, Bugsy, you paid your insurance company $30,000 in the last three years for your insurance, but your insurance company has paid out $120,000 in claims. Would you say that’s a winning proposition for your insurance company?”

“But that’s why I buy insurance.” Bugsy counters.

“Well that’s true, Bugsy, but in your case, your insurance company has lost $90,000 more than you paid them, so in their eyes, you are a claims machine and they want no more part of that. We can shop around to see what we can find for you, okay?”

“Okay,” Bugsy replies.

Bugsy’s agent gets back to him a few days later. The new rate is triple what he was paying before.

Bugsy complains to his agent that he can’t afford that and will have to go out of business.

“Well, Bugsy, unfortunately, no one wants to insure you except for this one company, and they need $10,000 down just to start the policy. If you change your mind give me a call.”

What will Bugsy do? In our next article, Bugsy believes he comes up with a good idea to keep him in business and get his insurance rates down to the level he was at before. Will he succeed?

Don’t miss the next article.

Tow Truck Insurance Louisville Ky — Call Pathway Today.

Because we specialize in Tow Truck Insurance in Kentucky you can count on us to find the coverage you need for new and well-established tow companies.

Call us right now by dialing 800-998-0662 or send us a request for quotes 24/7 when you use links below based on your nearest locality:

The post Tow Truck Insurance Louisville Ky first appeared on Pathway Insurance.

Tow Truck Insurance Ky

WIN Admin — Wed, 29 Mar 2017 22:58:40 +0000

Tow Truck Insurance Kentucky — New Program, HUGE Savings!

Looking to purchase Tow Truck Insurance in Kentucky? Having trouble finding affordable rates?

A brand-new Kentucky Tow Truck Insurance Program has just been announced with huge savings available for qualified tow truck companies.

There are a few qualifying conditions to be eligible for this program. Not every tow truck company will qualify, but the quickest way to know whether or not your tow truck company qualifies is to speak with one of our licensed agents. We would be happy to tell you all about this new program which could save you thousands!

There are three easy ways to contact one of our representatives or to request a free quote on Kentucky Tow Truck Insurance:

1. Call 1-800-998-0662 Monday through Friday until 5 PM Central Standard Time.

2. Chat with us online seven days per week up until 5 PM Central Standard Time

3. Fill out our simple online quote form to request a free quote 24 hours a day, 7 days a week based on your nearest location listed below:

Louisville Ky Tow Truck Insurance
Tow Truck Insurance Lexington Ky
Bowling Green Ky Tow Truck Insurance
Tow Truck Insurance Owensboro Ky
Covington Ky Tow Truck Insurance
Tow Truck Insurance Hopkinsville Ky
Richmond Ky Tow Truck Insurance
Florence Ky Tow Truck Insurance
Tow Truck Insurance Georgetown Ky
Henderson Ky Tow Truck Insurance
Kentucky Tow Truck Insurance – Locations Not Listed

Tow Truck Insurance Kentucky — Why Choose Us?

Pathway Insurance is a leading independent insurance agency offering great rates and options on Tow Truck Insurance in Kentucky, Ohio, Indiana, Tennessee, Missouri, Illinois, Wisconsin, Michigan, Texas, Colorado, New Mexico, Arizona, Florida, Georgia, Maryland, and soon we will be in most states.

The unique benefit of an independent agency is that we are free to shop the insurance marketplace for the most suitable Kentucky Tow Truck Insurance Policy on the market at any given time.

This allows us to find low rates and the best coverage for commercial truck insurance being offered in your area.

Whether you are just starting out or you have been in the towing business for years, the agents of Pathway Insurance may be able to save you thousands or even tens of thousands on your commercial auto insurance while also providing comprehensive coverage for your vehicles.

If that sounds good to you then why not speak with us today?

Tow Truck Insurance Kentucky – Avoid These Common Tow Truck Insurance Mistakes.

As an experienced agency, we have seen a lot of towing companies – especially new towing companies – make a number of common mistakes that can have serious financial consequences.

In a series of future articles, we will take an in-depth look at each of the following common tow truck insurance mistakes topics:

“The New Business Venture” Loophole – In an attempt at dodging increased insurance rates, or the loss of their commercial insurance due to racking up claims and moving violations, some sneaky tow company owners will pretend to reopen their towing business under a new name.

We will take a look at why you need to avoid using the “The New Business Venture” Loophole that may have worked in the past but is bound for failure in the year 2017 and beyond.

Purchasing a used tow truck from a company that has recently gone out of business – When you are just starting out, it might seem like a good idea to buy a used tow truck at a discounted rate from a recently-closed towing operation.

We will discuss why that may not be such a good idea after all, and fill you in on one easy way to avoid this simple mistake.

Allowing your tow truck insurance to lapse – For a multitude of reasons, towing operations sometimes allow their truck insurance to lapse. Whether intentional or not, we will show you why you should never make this big mistake.

Operating without tow truck insurance – There may be many reasons why a tow truck operator might operate his vehicle without insurance, but in this article, we will discuss why this is a huge mistake, no matter the reason.

Failing to disclose all of the facts to your truck insurance policy provider – When you apply for a commercial auto policy, you may choose to leave out some pertinent information on the application.

We will tell you why it is a mistake to omit information on your tow truck insurance application.

Turning in small claims – Some dutiful business owners submit insurance claims no matter how insignificant the damage, sometimes at the urging of their agent. In this article we will demonstrate how turning in small claims can turn out to be a big mistake.

Failure to avoid these simple mistakes can lead to some ugly outcomes, including:

Massive price increases on existing insurance policies
Cancellation of existing insurance policies
Claim denials
Difficulty finding competitive rates on tow truck Insurance

If you don’t want to wait for the articles to find out how you can avoid these tow truck insurance pitfalls then contact Pathway Insurance Services today!

Tow Truck Insurance Kentucky – To Start Your Free Quote Call or Click Right Now!

Learn more about this brand-new program that may save you thousands or even tens of thousands on your Kentucky Tow Truck Insurance!

Call us by dialing 1-800-998-0662 up until 5 PM Central Standard Time through the week, use our online chat system seven days per week up until 5 PM, or send us a request for quotes 24 hours per day based on your closest location that you see below:

Louisville Ky Tow Truck Insurance
Tow Truck Insurance Lexington Ky
Bowling Green Ky Tow Truck Insurance
Tow Truck Insurance Owensboro Ky
Covington Ky Tow Truck Insurance
Tow Truck Insurance Hopkinsville Ky
Richmond Ky Tow Truck Insurance
Florence Ky Tow Truck Insurance
Tow Truck Insurance Georgetown Ky
Henderson Ky Tow Truck Insurance
Kentucky Tow Truck Insurance – Locations Not Listed

The post Tow Truck Insurance Ky first appeared on Pathway Insurance.

Tow Truck Insurance Ohio

WIN Admin — Tue, 11 Oct 2016 11:08:09 +0000

Tow Truck Insurance Ohio – Quotes and Coverage Available Seven Days per Week!

Are you looking for Tow Truck Insurance in Ohio, Michigan, Indiana, Minnesota, Maryland, Kentucky, Tennessee, Georgia, or Florida?

If so you have found the right place. Call Pathway Insurance by dialing 1-800-998-0662 Monday through Friday 9 AM to 5:30 PM Eastern Standard Time.

Or use our convenient online rate submission system that is available 24 hours per day when you click links below for your State:

Tow Truck Insurance Ohio – Having Trouble Finding Insurance?

If you are having trouble finding companies willing to insure Tow Truck Companies you are not alone!

One of the biggest insurance companies offering Tow Truck Insurance in Ohio recently placed a moratorium on new business making it difficult for Tow Truck Companies, especially new startup companies, to find the insurance they need.

We have good news — we can help!

Because we specialize in offering Ohio Tow Truck Insurance we have the market reach to find the coverage you need.

Tow Truck Insurance Ohio – Rates are Going Up!

Because rates are going up due to one insurance carrier’s exodus from the Towing Market it’s important to work with an insurance broker like Pathway Insurance as we have the ability to shop the market among the remaining companies offering Commercial Tow Truck Insurance.

There are some steps that you can take to keep rate increases at a manageable level and we will consider some of those strategies right now.

Step One — Don’t Let Your Insurance Lapse!

Some towing service companies have been somewhat careless in keeping their commercial insurance payments up-to-date and they have allowed their insurance to lapse.

This is something you want to avoid at all costs. You cannot run your business without commercial auto insurance.

When your insurance lapses and you are unable to reinstate your policy with your previous company you can expect to pay 20 to 30% more with the new company. (Or far more)

Why?

Insurance companies consider those who forget to pay their bill less than a desirable customer.

Insurance companies also realize that those who have had a lapse in coverage are likely operating their vehicles without insurance, which is not smart.

Insurance companies are not benevolent nonprofit entities, they want to make money as well and they are less likely to provide good rates to those who have shown a measure of irresponsibility.

Make sure your premium payments are made on time and do not allow your insurance to cancel for nonpayment until you have secured coverage with another company.

What’s the next step to make sure you do not get overcharged on your insurance?

Step Two — If You Buy an Existing Tow Truck Company Make Sure They Have Not Been Blacklisted by Insurance Companies!

Did you know you can be blacklisted by insurance companies?

It is absolutely true. If you purchase trucks from a tow truck company that has been blacklisted by insurance companies, you will also be blacklisted and will pay the highest possible prices for Ohio Tow Truck Insurance!

The below is a true story, the names have been changed.

Example: John and Jane Doe purchase four tow trucks from an owner who claims to be “retiring” from the business. They get a great deal on the trucks, they sign contracts with local municipalities, and the last step is to obtain the Tow Truck Insurance.

They call a local insurance agent in their city, he takes down all of their information including the serial numbers of the trucks, the names and driver’s license numbers of the four drivers and 10 minutes later after that company runs a report, John and Jane Doe are immediately rejected.

They call another agent, the same thing happens with a different company. They call a third agent, the same thing happens with still another company.

They called our company and every insurance company we represent turned them down, except one.

The normal rate would be around $7000 per tow truck in their location. The only company willing to insure them came in at $16,000 per truck!

They were stuck, they had no choice. Pay the outrageous premiums or close their newly formed business. Only one company was willing to take a chance and insure them based on the track record of the previous owners.

Why?

The previous tow truck company had been blacklisted for claims and safety violations. The owner’s retirement was likely a forced retirement because he could no longer operate his business.

Before you purchase the assets of a tow truck company or even the individual tow trucks themselves, make sure the owner has not been blacklisted.

That blacklisting will follow the new owners in every instance.

Why do insurance companies penalize new owners?

We will answer that in a future post.

Tow Truck Insurance Ohio – We Are Open Seven Days per Week!

Contact Pathway Insurance at 1-800-998-0662 by telephone Monday through Friday 9 AM to 5:30 PM for information and quotes or use our online rate submission system that is available 24 hours per day when you click the link below:

Commercial auto insurance for garages, car dealerships, and tow companies only are also available in these locations:

Tow Truck Insurance Columbus Ohio
Cleveland Ohio Tow Truck Insurance
Tow Truck Insurance Cincinnati Ohio
Tow Truck Insurance Toledo Ohio
Akron Ohio Tow Truck Insurance
Tow Truck Insurance Dayton Ohio
Tow Truck Insurance Parma Ohio
Tow Truck Insurance Canton Ohio
Youngstown Ohio Tow Truck Insurance
Lorain Ohio Tow Truck Insurance

The post Tow Truck Insurance Ohio first appeared on Pathway Insurance.